HDFC Bank looks like taking support on previous resistance zone.
We will be taking a small equity position with a stop loss of 1575. Targets 1650/1700.
Looking at increased volatility in markets, derivatives position should not be taken by novice traders at the moment.
Looking for the targets in a couple of days. In case it consolidates then we will exit.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
We will be taking a small equity position with a stop loss of 1575. Targets 1650/1700.
Looking at increased volatility in markets, derivatives position should not be taken by novice traders at the moment.
Looking for the targets in a couple of days. In case it consolidates then we will exit.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
Trade closed: stop reached:
Stop reached.